# PropBidder

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/propbidder

- Industry: Real Estate Development & Operating Companies
- Headquarters: Newport Beach, US
- Website: www.propbidder.com
- Total disclosed funding: $1.5M
- Latest round: Seed (Feb 21, 2022)
- Investors on record: 4

## About

Based in California, US, and founded in 2020, PropBidder, Inc. operates as a real estate online bidding platform for homes and condos. In February 2022, PropBidder, Inc. raised USD 1 million in Seed funding co-led by Futureland Ventures, Lightspeed Venture Partners, and Sequoia Capital. Mikael Hastrup (CEO) and Sydney Jenkins (CTO) are the co-founders of the company

The company provides web-based software for real estate agents and realtors to plan, manage, and participate in a variety of highly adaptable online bidding processes. PropBidder's patent-protected offer scoring algorithm delivers automatic real-time offer feedback to buyers and purchasers' representatives. The firm offers brokerages including Compass, EXP Realty, Coldwell Banker, Century 21, RE/MAX, Keller Williams, Sotheby's, and many others.

PropBidder, Inc. plans to use the February 2022 funding to accelerate customer acquisition on top of its customer base and to scale its team and enterprise residential brokerage partners across many new and existing US metros.

## Funding rounds

- Seed, Feb 21, 2022, $1M — Lightspeed Venture Partners, Hong Shan, Futureland Ventures
- Seed, Jun 1, 2021, $0.5M — Pareto Holdings

## Investors

- Pareto Holdings (https://capitalatlas.ai/funds/pareto-holdings) — Seed
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Seed
- Hong Shan — Seed
- Futureland Ventures (https://capitalatlas.ai/funds/futureland-ventures) — Seed